Should countries accept BTC as means of payment?

[debra]

It is for them to decide if they need to have a Bitcoin reserve or they're going to adopt Bitcoin as means of payment. We're all free to do whatever we want and so as the governments. There is no need in forcing them to adopt such just because we're on it and we're holders of it. If they see the good out of it then it only means that they're no longer blind following Bitcoin. But, they're starting to adopt it because they're understanding the importance of not being left behind of this store of value.

I agree that each country has their own right to have Bitcoin as payment tool or not. They also can avoid having Bitcoin reserve for now because of some considerations. I think it is normal, the government can't make a decision instantly. True, we can't force the government to adopt is as Bitcoin reserve or payment tool. I am sure the government will have it if they are already sure to adopt it. The government doesn't want to make their citizens to use something with high risks.

[taufik123]

I agree that each country has their own right to have Bitcoin as payment tool or not. They also can avoid having Bitcoin reserve for now because of some considerations. I think it is normal, the government can't make a decision instantly. True, we can't force the government to adopt is as Bitcoin reserve or payment tool. I am sure the government will have it if they are already sure to adopt it. The government doesn't want to make their citizens to use something with high risks.

Crypto is very complex and there are still many problems to think about.
Every country does have its own decisions or rules, but when a country is not pro with cyrpto or tries to stay away from it, then such things will only hinder it from moving forward.

Crypto is indeed high risk and this makes the government more selective because it is aware of the dangers.

[TomPluz]

From the way adopting bitcoin it’s used in the day to day transactions, one is able to appreciate the difference between hypothesis and mechanism. Although, everyone would like to accept payments in BTC, the uncertainty of the chain’s price is a reason for concern.

Bitcoin and many other coins in the crypto market are categorized as very volatile assets and this feature alone is a big hindrance for many people and establishments to directly accept Bitcoin for payment purposes. Now, what I know is that there are third-party providers servicing the needs of these people by accepting Bitcoin in their behalf and then immediately convert Bitcoin into stablecoin. Certainly, it would be good if more and more firms and people will be accepting and using Bitcoin for payments but the reality on the ground is not yet so encouraging hence Bitcoin has become one of the most-known speculative assets where people and even big organizations are just HODLING Bitcoin for the long-term in the hope that its price would dramatically rise as time goes by. And I am wondering: is that bad at all?

[bitbit97]

BTC acceptance is somehow a double edged sword. While part of people wish it to happen, others dont support idea of receiving salary in BTC, because they are afraid of exchange rate fluctuations.

i do not think it’s the employees that are against receiving bitcoin because no matter the rate of bitcoin, the employers need to give the exact amount of salary so they are the ones worried that if bitcoin is too high they are gonna be giving more than the salary to their employees

Isnt it look wrong, that they dont want to receive payment in BTC, but want to pay in BTC. Something is wrong with that. In addition, do really people pay in BTC so often, or they trade and hold mostly? I am only afraid, that if payments become available, such option will become not demanded.

yes people do pay with bitcoin though i think most people still use it for profit

Employees will still have $ amount stated in their work agreement, but employer will make convert on a salary day. Same as we get signature rewards. That promotion «budget-signature campaign rewards» scheme works somehow after all.

Lets take on El Salvador example. From the last information I have seen, people still use USD in most cases, while BTC payment is still an option than a real payment. If countries accept BTC as a payment, it will make a hype during first months, people will try such payment, but remain later with national currency, while BTC will be only an alternative or even worse, asset that they only hold. Even if paid in BTC, they will hold most, but convert only necessary amount for payment in momentum.

[densuj]

Should every country have a Bitcoin reserve? Not necessarily. It could empower smaller nations with weak currencies, but volatility and infrastructure gaps pose risks. Wealthier nations might benefit from diversification but risk destabilizing markets. Bitcoins anti establishment roots clash with centralized adoption, potentially undermining its purpose. A balanced approach partial reserves with robust education and infrastructure might work, but universal adoption ignores diverse economic realities